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UAE stock markets plunge; DFM drops 4.6% while ADX falls 2.8% in early trade
UAE stock markets opened for the first time this week since the regional military conflict involving the US, Israel, and Iran broke out on Saturday
- PUBLISHED: Wed 4 Mar 2026, 10:20 AM
[Editor's Note: Follow Khaleej Times live blog amid Israeli, US strikes on Iran for the latest regional developments.]
The UAE stock markets plunged at the opening on Wednesday. The Dubai Financial Market General Index (DFMGI) fell 4.65 per cent, or 302 points, to 6,201 points, while the Abu Dhabi Securities Exchange opened 2.78 per cent, or 309 points, lower at 10,156 points on Wednesday morning.
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The UAE Capital Market Authority (CMA), which regulates the local bourses, announced on Sunday that ADX and DFM would remain closed on Monday and Tuesday due to the ongoing military conflict in the region.
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“In implementation of its supervisory and regulatory role over the UAE capital markets, and pursuant to the applicable laws and regulations, the UAE Capital Market Authority (CMA) announces that the UAE capital markets (Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)) will be closed on Monday, March 2, and Tuesday, March 3, 2026,” CMA said in a statement on Sunday.
Some other Gulf bourses were also closed due to geopolitical tensions in the region.
In Dubai, Amlak, Dewa, Dubai Investments, Emirates NBD, Mashreq, and Dubai Residential REIT led the downward trend, each losing five per cent in early trade.
In Abu Dhabi, Aldar Properties, Abu Dhabi National Hotels, and Adnoc Distribution were down five per cent.
Notably, the Abu Dhabi Securities Exchange on Wednesday asked listed companies to review their exposures in light of prevailing market circumstances and disclose any material information that may impact investors’ decisions.
“In light of prevailing market circumstances and in accordance with your ongoing continuous disclosure obligations under the applicable ADX Rules, the Exchange requests all listed companies to review their financial and operational exposure and to make immediate disclosure of any material information that may impact investors’ decisions,” the Abu Dhabi Securities Exchange said on Wednesday.
